Eusebio Tanco, the chairman of Philippines’ digital technology firm DigiPlus Interactive Corp, has increased his holding in the company via the purchase of an additional 63,119,000 shares, equivalent to 1.4% of total issued shares, the company has announced.
Following the transaction, Tanco now holds a 15.98% interest, representing 723,047,993 shares of which 10,432,480 are direct and 712,615,513 indirect.
In a filing, DigiPlus said the transaction reflects Tanco’s strong conviction in the company’s disciplined growth strategy as it accelerates the scale of its platforms through “deeply localized digital entertainment offerings” built specifically for the Philippine market.
“DigiPlus is entering an exciting phase of growth,” Tanco said. “We have built market-leading platforms anchored on responsible innovation, disciplined execution and long-term growth.
“I firmly believe in our ability to capture the significant opportunities ahead and deliver enduring value to our shareholders. The fundamentals of the digital entertainment industry remain strong, and DigiPlus is well-positioned to lead.”
DigiPlus said it continues to invest in proprietary research and development, cutting-edge technologies and best-in-class user experience capabilities to strengthen its competitiveness.
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